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Freddie Mac Multi Indicator

Freddie Mac’s Latest Report Shows Which Cities’ Housing Markets Rank Highest

Today’s News Synopsis: The Mortgage Bankers Association reported a 12% decrease in mortgage applications after two weeks.  Freddie Mac released their latest Multi-Indicator Market Index report, showing which cities’ housing markets ranked the highest.  The Federal Reserve sees a more positive outcome to rasing rates as opposed to risks. In The News: Bloomberg – “Fed Officials […]

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fines

TransUnion and Equifax Facing CFPB Fines for Deceptive Marketing

Today’s News Synopsis: In their latest HPI forecast, CoreLogic reported home prices increased 7.1% in November.  TransUnion and Equifax are facing fines from the CFPB for deceptive marketing.  December saw an increase in mortgage rates according to the latest report from Ten-X. In The News: Freddie Mac – “Freddie Mac Announces Final ACIS Transaction of 2016”

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TJ Clark blog

T.J. Clark of TurnKey Joins Aaron Norris on the Real Estate Radio Show #519

This week’s guest is T.J. Clark, interviewed by Aaron Norris.  T.J. is part of TurnKey Rentals.  Prior to co-founding them, he was the president and CEO of Limos.com, which became the largest online marketplace for limo and car service.  It expanded globally and launched partnerships with companies like Orbitz, Sabre, Concur, Delta Airlines, LiveNation and

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home sale new1

HUD and the U.S. Census Bureau Report 5.2% Increase in New Home Sales

Sources: Home Values Rise at Fastest Pace Since 2006 U.S. Home Affordability Drops to 8-Year Low in Q4 2016 Existing-Home Sales Forge Ahead in November Cash and Distressed Sales Update: September 2016 Mortgage Rates At Two-Year High 9 Real Estate Trends to Expect in 2017 Confidence Improves at the Prospect of Pro-Growth Policies Today’s News Synopsis:

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Brady Bunch

“Brady Bunch” Style Homes Coming Back in Style

Today’s News Synopsis: Homes built in the style of the classic “Brady Bunch” house, known as split-level homes, could be making a comeback.  Zillow reported home values increased annually at their fastest pace in ten years, having been 6.5% higher year-over-year in November and the overall Home Value Index being at $192,500.  Home affordability decreased

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existing sale

Existing-Home Sales Increased Last Month for Third Month in a Row

Today’s News Synopsis: The Mortgage Bankers Association reported a 2.5% increase in mortgage applications from last week.  Existing-home sales also increased last month for the third month in a row by 0.7% to 5.61 million.  Of all home sales that occurred in September, 31.7% of them were cash sales. In The News: Mortgage Bankers Association –

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multifamily

Freddie Mac Reports Growth For Multifamily Housing in Third Quarter

Today’s News Synopsis: Fannie Mae’s latest Economic and Housing Outlook showed sentiment at its highest in multiple years with the increase in policies promoting growth.  Freddie Mac also reported growth in multifamily investing fundamentals for the third quarter in the Apartment Investment Index.  CoreLogic released their newest Housing Credit Index, which keeps track of trends

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needy family

Several Real Estate Agents Spending Bonus Checks on People in Need

Today’s News Synopsis: ETFs are making a comeback with the continuing rate increases.  The Chief Economists for both Zillow and Realtor.com gave their predictions on what we should expect to see in the housing market next year.  Several real estate agents are choosing to spend their bonus check for people in need this Christmas. In The

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housing starts

Housing Starts Decrease 18.7% With the Decrease in Multifamily Properties

Sources: CoreLogic Reports 30,000 Completed Foreclosures in October 2016 November New Home Purchase Mortgage Applications Increase 12 Percent Year over Year Fannie Mae Announces Eviction Moratorium for the Holidays Freddie Mac Announces Holiday Eviction Moratorium Dec. 19, 2016 to Jan. 3, 2017 Mortgage Rates Move Higher Homebuilder sentiment spikes 7 points, Trump has them feeling

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housing beams

NAHB Reports Increase in Homebuilder Sentiment by 7 Points

Today’s News Synopsis: Freddie Mac reported interest rates increased with 30-year rates now at 4.16% and 15-year rates at 3.37%.  The NAHB reported an increase in homebuilder sentiment by 7 points, putting it now at 70.  The CBIA shared how the recent big increase in home price from lack of supply can have a huge

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